Steve
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Post by Steve on May 22, 2024 19:13:06 GMT
So Steve why do you think vacancies have been steadily falling for the last two years? People with money have better places to invest to create jobs in and we're still importing capable workers. It's a mess.
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Post by Orac on May 23, 2024 8:13:29 GMT
The problem with wage inflation is that it never reverses. If gas prices rise by 10% for a year the price inflates by 10% for a year. If the price falls by 10% it deflates again. That's how the market works for all products. Its only wages that never deflate. Try telling your staff that their household bills have fallen by 10% so your cutting their wages by 6%. See how you get on Wages do drop - the process usually starts with businesses failing / laying people off
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Post by AvonCalling on May 23, 2024 9:59:35 GMT
But to me it seems that we are constantly increasing our population to fill vacancies. That sounds like stirung up problems for the future especially if services aren't funded more to take into account the higher population and then there is infrastructure designed for a lower population
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Steve
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Post by Steve on May 23, 2024 10:47:10 GMT
But to me it seems that we are constantly increasing our population to fill vacancies. That sounds like stirung up problems for the future especially if services aren't funded more to take into account the higher population and then there is infrastructure designed for a lower population Yep continually bringing in immigrants is in effect a Ponzi scheme
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Post by Zany on May 23, 2024 15:39:54 GMT
The problem with wage inflation is that it never reverses. If gas prices rise by 10% for a year the price inflates by 10% for a year. If the price falls by 10% it deflates again. That's how the market works for all products. Its only wages that never deflate. Try telling your staff that their household bills have fallen by 10% so your cutting their wages by 6%. See how you get on Wages do drop - the process usually starts with businesses failing / laying people off Yes, and they fall as automation takes jobs because they become affordable compared to workers, but its not a good thing for the worker
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Steve
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Post by Steve on May 23, 2024 16:50:33 GMT
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Post by equivocal on May 23, 2024 17:48:37 GMT
Wages do drop - the process usually starts with businesses failing / laying people off Yes, and they fall as automation takes jobs because they become affordable compared to workers, but its not a good thing for the worker We've been automating for a few hundred years now. Generally speaking, it's made the 'worker' better off and created more jobs.
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Post by Zany on May 23, 2024 18:47:16 GMT
Yes, and they fall as automation takes jobs because they become affordable compared to workers, but its not a good thing for the worker We've been automating for a few hundred years now. Generally speaking, it's made the 'worker' better off and created more jobs. Seriously?
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Post by equivocal on May 23, 2024 18:52:28 GMT
We've been automating for a few hundred years now. Generally speaking, it's made the 'worker' better off and created more jobs. Seriously? I hadn't taken into account the extra wealth accrued to the worker because of house price inflation or how many more workers own property compared to 1845. But, yes, seriously.
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Post by Zany on May 23, 2024 18:55:01 GMT
Seriously? I hadn't taken into account the extra wealth accrued to the worker because of house price inflation or how many more workers own property compared to 1845. But, yes, seriously. And those buying now?
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Post by equivocal on May 23, 2024 18:59:23 GMT
I hadn't taken into account the extra wealth accrued to the worker because of house price inflation or how many more workers own property compared to 1845. But, yes, seriously. And those buying now? What about those buying now and how does it affect the fact that workers have more jobs and are better off as a result of automation.
I don't see there is a connected issue.
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Steve
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Post by Steve on May 23, 2024 19:13:28 GMT
We've been automating for a few hundred years now. Generally speaking, it's made the 'worker' better off and created more jobs. Seriously? Need to remember that affordability is also massively driven by the prevailig interest rates driving actual payments.
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Post by Zany on May 23, 2024 19:21:25 GMT
What about those buying now and how does it affect the fact that workers have more jobs and are better off as a result of automation.
I don't see there is a connected issue.
I was offering evidence that more jobs are not better off. Have you any evidence to back up your claim that automation has made jobs better. Most people think of automation as robots doing mundane tasks, but it has replaced many skilled jobs as well. Accounts and tax done by Xero. Online banking. The list is huge.
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Post by equivocal on May 23, 2024 19:31:43 GMT
What about those buying now and how does it affect the fact that workers have more jobs and are better off as a result of automation.
I don't see there is a connected issue.
I was offering evidence that more jobs are not better off. Have you any evidence to back up your claim that automation has made jobs better. Most people think of automation as robots doing mundane tasks, but it has replaced many skilled jobs as well. Accounts and tax done by Xero. Online banking. The list is huge. I don't know what you mean by 'has made jobs better', can you explain, please.
Over the last 200 years of automation, I would have thought it obvious. Over the last 30 years or so, if you compare the UK's performance with countries that have invested more heavily (most developed countries), you will find that their real wage growth is faster than ours.
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Post by Zany on May 23, 2024 19:44:40 GMT
I was offering evidence that more jobs are not better off. Have you any evidence to back up your claim that automation has made jobs better. Most people think of automation as robots doing mundane tasks, but it has replaced many skilled jobs as well. Accounts and tax done by Xero. Online banking. The list is huge. "that workers have more jobs and are better off as a result of automation."
Yes, I wasn't referring to the spinning jenny. And countries that have concentrated on industry do you mean? Our country is focused around the city of London and the service industry. How does automation create more jobs and better wages in OUR economy?
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